The futures hedging business was handed over to the Dongjiang Securities team, and Song Yuqing was responsible for the follow-up and supervision of the project. Cao Mo and Ge Jun had a brief exchange before hanging up the phone, and said to Zhou Han:
"Ge Jun still tends to believe that the subprime mortgage crisis in Europe and the United States has not been alleviated and will trigger a new round of adjustments in A-shares at any time. It seems that we still have to be patient..."
"I'm too impatient. I've survived all these years. I shouldn't be so impatient." Zhou Han took a deep breath. After thinking about it carefully, she still saw the Lu family stepping into the edge of the trap, which made her become more and more excited.
, so that it is somewhat difficult to control one's emotions.
Cao Mo gently held Zhou Han's slender waist.
He had suffered some grievances and hardships when he was young, but they were nothing compared to Zhou Han. His temperament was inevitably a bit violent. He could not ask Zhou Han to treat matters related to the Lu family completely calmly.
Zhou Han stood next to Cao Mo. After a while, the emotional fluctuations in his heart really calmed down. When Cao Mo turned on the computer to look at the domestic stock market trends, he thought of something and said: "The A-share index has been adjusted so deeply for six consecutive months.
The funds in the capital account are also shrinking month by month. Even if you don't care about gains and losses of 30 to 50 million, do you really think your sister can withstand such a lot of pressure?"
New Steel Union's new full-circulation share reform plan was delayed until April, but the securities market had been adjusting continuously for nearly half a year. On April 22, the stock index fell back to below 3,000 points at its lowest, severely suppressing the stock market.
New Steel Union's share price rose.
Muxiang Capital also failed to grasp the timing and ultimately made less than RMB 10 million in profit from the shares of New Steel Alliance.
Although the stock index rebounded in late April, due to the impact of the earthquake, a new round of deep adjustment began in mid-May. At this time, it has once again fallen below the low set in late April and is heading towards a new low.
Although Cao Mo did not interfere with Jiaying's operation from beginning to end, he would open Muxiang Capital's account to take a look when he had time. The funds in Muxiang Capital's account reached a peak of 100 million, but at this time it had already reached 100 million.
It fell back to less than 60 million.
Compared with the initial investment of 20 million, there is still nearly 40 million in profit. From the overall result, it is definitely acceptable, but for more than half a year, half of the profit has been given back step by step. Who cares about this?
It doesn't feel good in my heart either.
Zhou Han is not a professional securities investor, but looking at the investment actions of Muxiang Capital during this period, she has obviously lost her position.
She felt that Cao Mo needed to intervene to avoid unnecessary pressure on Cao Jiaying; and Muxiang Capital's team was still very young.
Cao Mo thought about what Zhou Han said made sense. He hoped that Jiaying could learn, think, and grow through practice and setbacks, but he also had to consider that Jiaying was only a sophomore in college, and there were three other researchers and traders at Muxiang Capital.
They are all students who have not entered the society. Isn’t it really a bit irresponsible to hand over 20 million funds to them like a wild horse without asking any questions?
Cao Mo opened QQ and saw that Jiaying was online, so he sent a video to apply.
The video was quickly connected, and Jiaying was seen sitting in front of the screen wearing a large T-shirt and disheveled hair, busy combing her messy hair.
"how
You were so panicked, you were hiding in the company making out with your boyfriend and I caught you right?" Cao Mo asked with a smile.
"Bah! What nonsense are you talking about? I was working overtime at the company for a strategy meeting, and I thought I was just like you!" Jiaying turned the camera on the table to the outside, allowing Cao Mo to see Wu Ruifang and others getting up and leaving her office.
Muxiang Capital has been established for more than a year. At first, in addition to logistics and cleaning, there were only three researchers and traders. When the efficiency was at its peak, Jiaying followed the example of a regular investment company and split the core department into research, strategy and trading.
In part, the company also recruited a group of employees with work experience. At one time, Muxiang had more than 20 employees.
However, during this period of time, the securities market continued to be hit. Even if Jiaying did not lay off employees, many employees resigned due to fierce quarrels and conflicts caused by investment setbacks.
Of the original three researchers, only Wu Ruifang and Cheng Xin are left.
Looking at Jiaying's unkempt face and haggard face, Cao Mo knew that she was under a lot of pressure during this period. He didn't pay much attention to it before. On the one hand, he hoped that Jiaying could bear more pressure. On the other hand, it was always the case every time.
Jiaying put herself in good spirits and contacted him without exposing her embarrassment.
"It's already eleven o'clock at night in China, right? You're still at the company so late, and dad doesn't urge you to go back. He can rest assured that you'll drive back alone later? Why is that old bastard so irresponsible?" Cao Mo asked
.
"That's right. I'm a little girl after all. If you don't tell me, I've already forgotten past eleven. Why can't my dad be so irresponsible? He's not afraid that I'll meet some bad people with bad intentions at night.
"Jiaying stretched and said.
The video was delayed and stuck, and Cao Mo couldn't see the subtle changes in Jiaying's expression. He wanted to continue scolding his father, but he saw a face burst into the camera. If it wasn't his father, who could it be?
"You've got nothing to do to open a crappy company for Jiaying. You can't study well. You've been moaning about losses all day long. Now you're holding a strategy meeting. You're not going home so late. It's okay for me to come here to pick up Jiaying so late.
Oh, you bastard is still arranging me behind my back." Cao Xiong scolded with a smile.
Only then did Cao Mo see Chen Rong walking into Jiaying's office and saying hello with a smile:
"I just had a phone call with Ge Jun from Dongjiang Securities. He tends to believe that the U.S. subprime mortgage crisis shows no signs of easing. All domestic financial outlets are shrinking credit. It is unlikely that the A-share market will rebound in the near future, and there may even be a rebound.
If it falls further, Aunt Rong, what do you think?"
"Before, everyone thought that the securities market would undergo a major adjustment and a large amount of funds would flow into the property market. However, in fact, the sales of new homes this year have not been ideal, and money has indeed become tighter. These phenomena are definitely not good for the securities market...
..." Chen Rong said.
The domestic securities market is by no means mature at this time. There are too many irrational factors. Chen Rong, who has been engaged in asset management and industrial investment in China for many years, dare not say how much she knows about securities investment.
Of course, she and Cao Mo rarely talked about work matters, and she could understand that Cao Mo should have directly interfered with the next operation of Muxiang Capital by mentioning this matter in front of Jiaying.
Chen Rong didn't think Jiaying should fully bear such a huge pressure, so even though she was by no means familiar with securities investment, she gave her a clear attitude.
"Jiaying, it's time for you to use your profits to distribute dividends to me as an investor!" Cao Mo looked at Jiaying sitting in the corner with a reluctant face, and asked with a smile: "Also, it's rare to have
It’s a long vacation, so you should take some time off. Do you want to come to Africa again to relax?”
For investment companies with a private equity and client financial management nature, the risk is not just investment losses. Sometimes shortfalls are also a risk, which is a more unacceptable loss.
Therefore, the positions of investment companies are usually adjusted within a certain range.
When investors make additional investments or redeem investments based on the economic and securities market conditions, they are actually participating in the decision-making process of adding or reducing positions from another level.
Over the past year or so, he has completely lost all his funds to Jiaying. Although the funds are not very large, it is indeed a bit irresponsible.
Of course, although all the profits were taken out for liquidation at this time, in addition to the dividends given to Cao Mo as an investor, the total dividends and management fees that Muxiang Capital could receive were as high as more than 8 million, but Jiaying hired three
A researcher who debuted in the securities investment competition among college students, as well as the confident hiring of a group of experienced employees with high salaries at the end of last year, coupled with the company's large and small expenses for more than a year, finally fell into her personal pocket as the company's profits.
, there may not be two million left.
There was obviously a big gap between this and her initial expectations.
Seeing Jiaying sitting aside in silence, Cao Mo said helplessly: "Don't look like you are deeply shocked. What if I give you a Ferrari?"
"I want a McLaren!" Jiaying said impatiently.
"Okay, you can choose the latest McLaren, which is probably not available in China. You can go to the 4S store to choose the car first, and then go to Africa for a tour before returning to China. You should be able to drive a new car," Cao
Mo saw his father looking over at the camera and asked, "Dad, do you and Aunt Rong want to come to Africa for a trip? We can't all focus on work?"
"I may not be able to leave recently because there are many things going on," Chen Rong said to the camera. "In addition, Ding Zhaoqiang may hope that you can return to China soon..."
"Why, Dongsheng's funds are really tight to this point? I don't have any surplus food in my hand." Cao Mo said.
Cao Mo kept in touch with Shen Ji at all times. Of course he knew that Dongsheng's capital chain was always tight, but he had not returned to China during this period, so he didn't know the specific situation.
"Money has been really tight in the past two months in China. New loans cannot be issued, but old loans are maturing one after another. In Dongsheng's latest two borrowings, the interest rates have reached 16 points. Now, should we lower the price of real estate?"
Promotion, trying to withdraw as much capital as possible before other real estate companies, there are huge differences of opinion within the group." Chen Rong briefly talked about Dongsheng's recent situation, and asked, "How is the capital situation over there?
"
"There is no need to bite the bullet and build Huwan Industrial New City. The capital injection given to me by Xinhai Gold Industry and Qian Wenhan will not be spent all this year. I have pretty good funds on hand." Cao Mo said.